By Brett Ellis
This past week I’ve spoken with several real estate agents in Southwest Florida and all have offered varying perspectives on the current state of the real estate market. Two feel the market has stalled and not doing much while others feel the market is on fire for December. We believe Santas sled bringing gifts Southwest Florida.
Just looking at the quick Market Watch statistics provided by our local MLS we can see that in the last 7 days 291 new listings came on the market in Lee County and 265 went pending. That sounds like a pretty balanced market. If you look further, you’ll also notice 257 price reductions.
It’s possible we placed so many homes under contract because, so many sellers adjusted their price to get in line with the market. Price reductions are not a bad thing. Imagine getting a D or an F on a test and being stuck with that grade. It kind of stinks doesn’t it?
We’ve probably all had that one teacher that allowed test re-takes and makeup homework. This teacher was more interested that you eventually learned the material than if you learned it on time the first …read more
Source:: Top Agent